ADHD Money Talk

What is the purpose of having wealth? Some people use their wealth benevolently to give back to society. Others use it to create generational wealth for their kids and future generations. Building wealth is an integral part of our society; however, looking ahead too far in the future can cause us to miss out on what's happening today. The Power of Now In ' The Power of Now ,' Eckhar...

Reverse budgeting is the most ADHD-friendly way to down spending money into different categories. Tracking your expenses and coming to terms with where your money's going is essential in developing a better relationship with your money. Apps - like Honeydue - are great tools to begin budgeting. The most important part of reverse budgeting is identifying your goals. When you get your paycheck,...

ADHD money struggles often contribute to anxiety, stress, and strain in relationships. Dr. Stephanie Sarkis, a psychotherapist specializing in anxiety, gas lighting, narcissistic abuse, and ADHD, is joining us today to help us better understand how money and ADHD affect our relationships. Dr. Sarkis is the author of seven books, including 'ADD And Your Money,' a nationally certified and...

Whether it's missed bill payments or impulsive spending, ADHD makes managing money more challenging, which, if we're not careful, can lead to low credit scores.  The good news is you can improve your credit score and keep it in a safe zone by following a few helpful tips. You Are More Than a Number In the eyes of the financial world, your financial reliability boils down to a three-digit...

Don't worry; the government doesn't tax people with ADHD. The term ADHD tax comes from the times we're charged extra fees and penalties because of having ADHD. Tina Mathams is The ADHD Accountant and a Money Coach specializing in helping clients with ADHD improve their relationship with money. She explains why ADHD makes money hard for all of us and how to avoid the ADHD tax. Impuls...

You've been working hard on your finances, but you have kids who love to spend money almost as wildly as you used to. How do we teach our children about money? Below are age-appropriate ways to raise a financially responsible child, including some of my favorite tips. Toddlers: Lead by Example Children learn by example, and their most influential role models are usually their parents. …even p...

After working hard to budget and save money the majority of the year, summer is a reward we give ourselves.  Summer represents fun in the sun and vacations, spending that hard-earned money.  Having ADHD can make it harder to resist some of those temptations. However, here are ten fun and easy ways to enjoy your summer. 1. Set a summer budget Think about all the things you are doing this summer, th...

The brain of an ADHDer like me switches to the off position when we think about saving, budgeting, investing, and planning for our future. Turning our finances into a game can help. What makes you want to keep playing your favorite game? Is it leveling-up? Unlocking new quests? Working towards a defined reward? Add game-like elements to make the hard things more fun and rewarding. Gamify your inve...

ADHD makes managing money hard. It requires a lot of starts & stops, trials & failures, recovering, bouncing back, and resilience. We may intellectually understand why managing your money is essential, but when it comes to implementing a plan, we hit a wall. That was me too. My Story: Digging Myself Into a Hole My first job after college was as a mutual fund accounting analyst. I became hy...

Navigating Stressful Times in an ADHD Divorce Research has shown people with ADHD are twice as likely to be divorced or have more than one marriage than those without. If you have ADHD, divorce can be extra messy and emotional. You owe it to yourself, and deserve the clarity, knowledge, and support needed to come out of a divorce knowing you got what you deserve. Learn about "My Divorce Solut...

Investing in the ADHD-Friendly Way The term ADHD-friendly means intuitive and low stress, so new investors will want to select the right investment company.  After researching companies providing various automated investing services, I found one that struck me as very ADHD-friendly, covering all the bases. The service is intuitive for both novice investors and seasoned participants looking for a s...

Successful long-term investing is not so much about the tax treatment of your account or which investments you select. Those things are important, but they pale in comparison to the most critical variable of investing. That's what we will talk about today.  Want to work with me? Check out my ADHD Planning & Coaching service . Head over to our Y ouTube channel for the full experience on fu...

Today we are going to talk about 9 key investing principles and concepts that every beginner (or pro) investor should understand. I have been fielding more and more questions from clients about how to get started investing, and so I thought it was a great time to roll out a few episodes on the topic. It is important to me that fellow ADHDers that don't have investing experience understand som...

In this episode I talk all things lifestyle creep through the ADHD lens! Join my Facebook group! Want to work with me? Check out my ADHD Planning & Coaching service. Head over to our Y ouTube channel for the full experience on future episodes. Learn more about ADHD-friendly financial coaching Follow me on YouTube Subscribe to the newsletter

It's time for a new car. Should you lease or should you buy? In this episode, I'll talk about the differences between the two options and confess my preference. I believe one option is more ADHD-friendly than the other. Outline of the Show Your old car is breaking down! [00:45] Buying a car [3:36] Used vs. New [6:40] Leasing [8:47] Join My Facebook Group! Want to work with me? Check out...

In this episode, we're tackling the remaining steps in the ADHD Money Mastery Ebook. Specifically, we are talking about building out your full life happens (emergency) fund, starting to invest in a Roth or traditional IRA, pre-funding large expenses, and maxing out your 401(k). I also talk about recent research I read about which suggests that we may be able to see ADHD on brain scans in the...

You've spent six months repairing your financial situation. You are completely out of debt. But now you are tired prone to a slip-up. Your credit cards with zero balances are staring at you begging to be used. This is the most important time of your journey, and when you may be the most vulnerable! Outline of the show Hyperfixating on improving your finances [3:35] Yo-yo diet [4:00] How to av...

This week I am switching it up and pulling out an interview  I recorded many months ago for my old podcast, Invest Smarter. This was going to be my last episode for that podcast, but I instead decided I would hold onto it for a time to release on ADHD Money Talk because it is so relevant! My guest, Christine Luken, is the financial Lifeguard. She empowers high-earning individuals to master their m...

You know that thing that happens where you need to do a big important thing, but then you do a million little not important things instead? Well, there is a word for that. Procrastivity. In today's show, I talk about what it is, examples of how it affects us, and how we can cut it out! Next, I talk about getting free money. We ADHDers already pay a thing called the ADHD tax. That is late fees...

In this episode, we continue the budget conversation. Specifically, we are talking about budget killers. For ADHDers and neurotypicals alike, food, one-off purchases, and subscriptions are the most common reasons we find ourselves harmful each month. I talk about ways to mitigate these dangerous spending habits! Outline of the Show Why my budgets failed [2:05] Mistakes I made setting up my budget...

The main thrust of today's show is to tell you about the 50/30/20 budgeting rule. It is a rule that can help you diagnose where your most significant budgeting issues lie. That leads me to a conversation about one of the most critical issues ADHDers have with sticking to budgets: hyperfixations. Hyperfixations can be very expensive. I talk about how two of my hyperfixations cost me a lot of m...

Today on the show, we are talking about making more money! Now, this is not just to have more money. It is really because you've realized how important financial security and peace of mind are to you, and you have decided that one of the ways you can improve your life and the life of your family is by having more income. So we get into various ways to potentially make some more money on the s...

Today on the show, we are talking about credit cards and getting out of debt! Credit cards and ADHD should generally not be combined. I'll talk about how debt is terrible for our mental and physical health. I'll ultimately explain two strategies to get out of debt: the snowball and avalanche method. I'll start the show by talking about something that has been on my mind regarding AD...

Today on the show we are taking a pause and talking about mindset. Next week we will get back into it with strategies for paying off debt! One of the most common questions and comments I have been receiving is on mindset. How do we actually change our mindset? I will lend some perspective today. Get the ADHD Money Mastery ebook and worksheets when you subscribe to the newsletter! Outline of the sh...

Today during the non-financial topic, I talk about ADHD and time management. I then share how I use my external hard drive (AKA, my planner). We then get into the financial topic, the next step in our financial journey. Once you have your plan and budget, you need to make sure you're allocating your savings efficiently. If you don't have a life happens (emergency) fund yet, that is where...